Overview

• Retail investors drove a 2.19× subscription rate in the IPO’s final tally, while non-institutional bids covered 1.83× and qualified institutional buyers 1.30× of their quotas.
• The Rs 254.26 crore issue was priced between Rs 150 and Rs 158 per share and comprised a Rs 165.17 crore fresh issue alongside an Rs 89.09 crore offer-for-sale.
• Grey market premiums plunged from about Rs 15 before bidding to just Rs 0–2, indicating modest expected listing gains for investors.
• Laxmi India Finance operates a network of 158 branches across Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh, offering MSME, vehicle and construction loans.
• Share allotment is expected to be finalised on August 1 and shares are slated to list on both the BSE and NSE on August 5.